United States Manufacturing PMI

The IHS Markit US Manufacturing PMI came in at 53.8 in December 2018, little-changed from a preliminary estimate of 53.9 and below November's final 55.3. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since September 2017 as new business rose at a softer rate and production growth eased to a 15-month low. In addition, the pace of job creation fell to an 18-month low and business confidence was the weakest since October 2016. Manufacturing PMI in the United States is reported by Markit Economics.

Manufacturing PMI in the United States is expected to be 53.90 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Manufacturing PMI in the United States to stand at 53.20 in 12 months time. In the long-term, the United States Manufacturing PMI is projected to trend around 51.00 in 2020, according to our econometric models.

US Manufacturing PMI Revised Lower to 15-Month Low: Markit

The IHS Markit US Manufacturing PMI came in at 53.8 in December 2018, little-changed from a preliminary estimate of 53.9 and below November's final 55.3. The latest reading pointed to the weakest pace of expansion in the manufacturing sector since September 2017.

Production growth remained solid in December, and at a rate that matched that seen in November. The rise in output was attributed to greater new order volumes. That said, the upturn was nonethless the joint-weakest in 15 months.

Following a slight pick up in November, new order growth eased in December. Though strong, the pace of expansion was the weakest since September 2017. Although some firms stated that the upturn was driven by new order inflows from newly acquired clients, others cited concerns surrounding a drop in client demand compared to earlier in the year.

Conversely, new export business grew at an accelerated pace in December. New orders from abroad increased for the fifth successive month and at the fastest rate since January amid stronger foreign client demand.

That said, a weaker overall rise in new orders led to a drop in business confidence among manufacturing firms in December. The degree of optimism was strong, but well below the long-run series average. Positive sentiment was dampened by concerns surrounding the longevity of new business growth. Moreover, future output expectations were at their lowest since October 2016.

Despite a moderate rise in backlogs in December, the rate of job creation softened to an 18-month low. Although firms noted an increase in workforce numbers following greater production requirements, others suggested that low rates of employee retention had weighed on growth.

Meanwhile, rates of both input price and output charge inflation eased in December. Greater cost burdens were reportedly due to raw material stockpiling among manufacturers, shortages of electronics components and the ongoing impact of tariffs. That said, the rate of inflation dipped to an 11-month low. Factory gate prices meanwhile rose at the weakest rate in 2018.

US Factory Growth Lowest in Over a Year
The IHS Markit US Manufacturing PMI fell to 53.9 in December of 2018 from 55.3 in November, below market expectations of 55.1. The reading pointed to the slowest expansion in factory activity since November of 2017, as new orders and employment rose at a slower pace, preliminary estimates showed. Also, the near-term outlook has become less favourable.Published on 2018-12-14

US Manufacturing PMI Revised Lower: Markit
The IHS Markit US Manufacturing PMI was revised slightly down to 55.3 from a preliminary of 55.4 in November of 2018 and 55.7 in October. However, the reading indicated a solid improvement in the health of the sector that was above the series trend as new orders rose the most since May and job creation was also stronger. On the other hand, business confidence was the lowest since September of 2017 amid concerns over the sustainability of the current sequence of new order growth.Published on 2018-12-03

US Manufacturing Growth Remains Solid: Markit
The IHS Markit US Manufacturing PMI fell to 55.4 in November 2018 from 55.7 in the previous month and below market consensus of 55.7, a preliminary estimate showed. Output growth slowed to a three-month low while new orders rose the most in six months and the pace of job creation hit an 11-month high.Published on 2018-11-23

US Manufacturing PMI Revised Down: Markit
The IHS Markit US Manufacturing PMI was revised down to 55.7 in October of 2018 from a preliminary of 55.9, but slightly higher than 55.6 in September. Figures still pointed to the strongest increase in factory activity in five months, mainly boosted by a sharp rise in new business which was the strongest in five months.Published on 2018-11-01

United States Manufacturing PMI

In the United States, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for - United States Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Manufacturing PMI - actual data, historical chart and calendar of releases - was last updated on January of 2019.